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Dubaistockmarket

DFM Resting NowAs expected it could not break the barrier of 200ema in one go , in my previous analysis i had mention the same and i still hold the same opinion that it will take some rest before it crosses 200ema as its strong and important resistance level. Lets take a note here that bulls are active from 2000 level and the market almost touched 2250 sure at any resistance bulls will exit their positions and book profit. Once the profit booking is done fresh buying will start and it may cross the 200 ema. Over all very buillsh around 30% of retracement in an uptrend is normal and healthy. Hit like & follow guys to show your support.
DFM:DFMGILong
by stalkstock
DFM Will It Cross?Tomorrow will be a interesting scenario in DFM as its right at 200ema which will act as a dynamic resistance level for the market, in my opinion it will not cross in one go and we may witness some profit booking tomorrow. We can back test in charts when ever there is any important support or resistance level market needs to breath before it takes a big jump again. As i say there is nothing guaranteed in the market it can also break in one go and trend higher. Any how after the resistance level is taken out next clean target is 2400 which will not be hard and will be achieved very soon once this resistance level is cleared. Over all its bullish for sure BULLS are totally in controlling the market :) Hit like & follow to show your support
DFM:DFMGILong
by stalkstock
DFM Is Flying HighAfter the breakout DFM is closing higher everyday its on a bull ride my next immediate target is 2250. I see a strong resistance at around 200ema that comes exactly at 2250 level. It will be very crucial and important that it crosses it to continue its bull ride. Very important point here, it cannot cross the 200ema in 1 go even if it crosses it will come down and hold there or it will accumulate and finally break the 200ema. Any major resistance or support cannot be broken in first attempt there has to be price action before it breaks through. Hit like & follow guys
DFM:DFMGILong
by stalkstock